Wednesday, April 6, 2016

Fed leaves rate unchanged

The Fed leave interest rates unchanged and the market likes it and we see a late rally after the minutes came out of the last months meeting.

FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

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